EUR/CHF Down 32 Pips, in a Downtrend Over Past 90 Days; Eyes 20 Day Average

EUR/CHF Price Recap

EUR/CHF enters today at 1.05696 in US dollars, down 32 pips (0.3%) from the day prior. The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 38.69% from the day prior, but up 2.22% from the same day the week before. Relative to other instruments in the Forex asset class, EUR/CHF ranked 22nd yesterday in terms of percentage price change. Below is a price chart of EUR/CHF.

EUR/CHF Technical Analysis

The first thing we should note is that EUR/CHF is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 7 out of the past 14 days.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on EURCHF, with 5 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 1.25, which is bullish. Here’s a piece we found on that we thought you might enjoy.